Dexia to implement Linedata Compliance in France
29 November 2004 | 1827 views | 0
Source: Linedata Services
Linedata Services, a major international player in financial software solutions, is pleased to announce that Dexia Fund Services, a leading provider of investment fund services and present in 11 financial centres across Europe and Asia, has chosen Linedata Compliance, the most advanced solution for carrying out compliance checking and restriction risk management for financial institutions.
This partnership between Dexia Fund Services, known as a leader within the compliance area, and Linedata Services is built on a strategic and long-standing relationship. Already live in Europe (Ireland, Luxemburg, Belgium, Switzerland, Italy) and in Asia (Hong Kong, Singapore), Dexia Fund Services is now planning to implement Linedata Compliance in France.
"We have built a strong relationship with Linedata Services during the last few years," said Michel Malpas, President of the Executive Committee of Dexia Fund Services and member of the Board of directors of Dexia Banque Internationale in Luxembourg. "We are very satisfied with the success of various projects that we have undertaken so far. Linedata Compliance has always surpassed our compliance requirements and delivered real added-value. Due to product development and evolution, Linedata Compliance will enable us to continue to extend our competitive advantage and raise our levels of service to our end customers."
Pascal Xatart, General Manager for Linedata Services Asset Management, commented, "We are delighted with this deal on a number of levels, not least because it allows us to grow our commercial relationship with Dexia Fund Services globally, but also because it confirms our ability to act as a strategic partner, supporting Dexia Fund Services in their international growth. Dexia Fund Services’ long term commitment to Linedata Services further validates the unrivalled functionality within our compliance solution, Linedata Compliance."
This partnership reinforces the long-term investment strategy of Linedata Services within the compliance area. Linedata Compliance leverages cutting edge technologies and provides a complete investment restriction management tool upstream and downstream for both pre-trade and post-trade compliance. Linedata Compliance provides full coverage for asset types and markets, with the flexibility to incorporate all global regulations. Genuinely fast and scalable, Linedata Compliance provides sophisticated, real-time compliance checking without impeding the trading function, essential for the asset management community today.
This efficient system manages the most complex commercial needs required by the asset management community and it has become an essential tool for portfolio managers and investment professionals. This contract also confirms the close relation between Dexia Fund Services and Linedata Services, which offers a complete Front to Back, ‘Best-of-Breed’ solution to asset managers.